The world economy is evolving towards multipolar globalization, and China has become a new pole of economic development. Ukraine, like other countries, is looking for ways to cooperate with China in the field of trade and investment. China, for its part, offers a model of cooperation within the framework of the OBOR (One Belt, One Road) initiative. Along with Chinese investment in transport and logistics infrastructure, OBOR aims to conclude FTAs with the countries participating in the initiative; thus, the article focuses on the issues of trade, and Ukraine’s industrial and innovation policy in the context of the OBOR initiative. A comparative analysis of both countries’ trade and industrial policies was conducted to provide a basis for evaluation. The terms of trade between Ukraine and China are not symmetrical due to the difference in the scale of the economy and trade. Additionally, Ukraine’s trade regime is relatively liberal, while the Chinese market is protected by higher tariff and non‑tariff barriers. Furthermore, the current situation in mutual trade is asymmetric. Ukraine exports mainly raw materials to China, while exports from China to Ukraine are dominated by investment and consumer goods. The import dependence of the Ukrainian economy, in general, is high without any noticeable signs of decline. In 2014–2018, the share of imports of goods and services in GDP in Ukraine averaged 54% (for comparison, in China, this parameter was 19%). In 2018, 55% of Ukraine’s negative balance in trade in goods was due to trade with China. China seeks to conclude FTAs under the OBOR initiative, but in the current context, the liberalization of trade regimes with China will result in Ukraine growing its raw material exports to China and increasing its dependence on Chinese imports. On the other hand, China’s investment, production, research, and technological opportunities can become an important resource for Ukraine to modernize its economy. Promising areas of Chinese investment include high technology, in particular, aviation, shipbuilding, bioengineering, the development of new materials, and more. Ukraine is interested in China’s experience in implementing a number of state programs in the field of innovation development of Chinese industrial enterprises. The support system for clusters, industrial parks, Free Economic Zones (FEZs), and technology parks can be recommended for introduction into Ukrainian legislation in the sphere of developing an innovation structure in Ukraine.

The economy can function both under normal and extraordinary conditions, which include states of emergency and martial law. Emergency conditions arise from time to time and can be both relatively short and sufficiently long. The functioning of the economy in conditions of emergency and martial law can include overcoming the pandemic and repelling armed aggression. The functioning of the economy in conditions of emergency and martial law requires special methods of state regulation, including on commodity markets. The purpose of the article is to determine methodical approaches to the formation of regulatory policy on commodity markets under conditions of emergency and martial law. To achieve the goal, the following tasks were set: 1) to determine the peculiarities of the regulation of commodity markets in conditions of emergency and martial law; 2) assess the effectiveness of regulatory influence; and 3) substantiate recommendations for improvement of regulatory policy. Various methods of sampling and statistical processing of information were used during the research. Data from the State Statistics Service of Ukraine, the Ministry of Finance of Ukraine, and the State Service of Ukraine on Food Safety and Consumer Protection were used for the analysis. Special attention was paid to the methods of price regulation and increasing supply in commodity markets of consumer goods. One of the main features of the functioning of the economy in conditions of the COVID-19 pandemic and martial law is the disruption of the usual supply chains of goods. There is a commodity shortage in the markets, which accelerates the growth of prices. Therefore, the main task of regulatory policy in commodity markets is to encourage supply and curb inflation. To this end, during 2020-2022, a set of measures was introduced: the procedure for starting a business was simplified, the tax burden was reduced, pricing was deregulated, exports were limited, barriers to imports were lowered, a declaration of intent to increase prices was introduced, price limits were established, etc. As a result of the conducted research, it was found: 1) high efficiency of influence on the price dynamics on the part of export restrictions and tax benefits; 2) low effectiveness of the declaration of the intention to increase the price; 3) relatively high efficiency of setting ceiling prices during a pandemic and low efficiency of this measure under martial law; 3) high expediency of introducing free prices on the markets of goods of significant social importance with high competition between suppliers; 4) great importance of the competition between suppliers to overcome shortages and price stability. In order to improve the regulatory policy in the conditions of emergency and martial law, the following recommendations have been substantiated: 1) canceling the price limits in highly competitive markets; 2) simplifying the procedure for declaring the intention to increase the price and strengthening control over its implementation; 3) creating strategic stocks of goods of significant social importance in the event of a state of emergency and war.

Purpose. The purpose of the article is to evaluate the impact of the EU-Ukraine Deep and Comprehensive Free Trade Area (DCFTA) on bilateral trade in agri-food products and domestic food market of Ukraine during the first five years after the entry into force of this DCFTA. Methodology / approach. Analysis of the impact of DCFTA with EU on the agricultural trade is based on the cost-benefit approach. The results of the implementation of the DCFTA agreement are evaluated in terms of benefits and losses for the main stakeholders (players) in agricultural trade – Ukrainian agricultural exporters, domestic agri-food producers, consumers, and the government sector. Based on the methods of analyzing the structure of the sectoral market, a list of criteria for evaluating the results of the implementation of the Agreement was determined. A comparison method was used to evaluate the impact of the EU-Ukraine Association Agreement (hereinafter Agreement or AA) on agricultural trade and the domestic market of agri-food products of Ukraine. To study the DCFTA’s impact, the five-year period (2009–2013) before its implementation was compared with the five-year period after the entry into force of the DCFTA bilaterally (2016–2020). Since Ukraine lost control over part of its territories after the start of the Agreement’s implementation, relative indicators were used to assess the impact of the EU-Ukraine DCFTA on the domestic market of agri-food products. The research was conducted based on the data of the State Statistics Committee of Ukraine, UN Comtrade Trade Statistics Database, Eurostat Database. Results. The analysis demonstrates the undoubted benefits of DCFTA for Ukrainian exporters of agricultural goods: (1) after the implementation of the DCFTA, there was an increase in both Ukraine’s agricultural exports to the EU and imports of agricultural products from the EU to Ukraine, and the resulting positive balance in agricultural trade in 2020 was 5.5 times higher than in 2009. (2) the average growth rate of Ukraine’s agricultural exports to the EU during the first 5 years of the Agreement (10.3 %) exceeded the average growth rate of agricultural imports from the EU to Ukraine (7.2 %). (3) during 2016–2020, Ukraine’s exports of agricultural goods to the EU grew faster than agricultural exports to the rest of the World, which indicates the high effectiveness of bilateral liberalization of foreign trade regimes. (4) the DCFTA with the EU has not yet resulted in significantly reduce of the share of agricultural raw materials (or low value-added primary goods) in Ukraine’s exports to the EU. (5) the potential for exports of Ukrainian agricultural products to the EU, including those produced by small and medium-sized agrobusinesses, has not been fully realized due to the low levels of tariff rate quotas, high level of EU import duty rates applied to quantities imported from Ukraine outside tariff quotas and long duration and high costs of the certification procedures for the export to the EU. (6) during the first 5 years of DCFTA implementation, there was no significant expansion of imports of agri-food products to the domestic market of Ukraine. This happened not so much because of the high competitiveness of domestic producers, but because of the low purchasing power of the population. (7) the implementation of the Agreement did not have a significant downward impact on domestic prices for agri-food products in Ukraine. (8) the lowering of the tariff protection of the domestic market did not significantly influenced the domestic production of agri-food products which remained stable, except for the production of grape wines, which decreased during 2016–2020. (9) due to the implementation of the Agreement, the EU has increased its share in the import of agri-food products to Ukraine. However, for some commodity groups there was both absolute and relative decrease in imports. This happened due to competition from other importers, as well as due to import substitution processes. Originality / scientific novelty. The originality of the study is the specification (adaptation) of cost-benefit analysis methods to identify the DCFTA impact on the main stakeholders in agricultural trade of Ukraine with European Union – exporters, domestic producers, consumers, government sector. Practical value / implications. The practical use of the study consists of identification of the positive and negative consequences of the DCFTA for Ukraine’s agricultural trade stakeholders, as well as factors of these consequences, that allows developing practical agricultural trade policy recommendations, including periodic time-to-time review of trade provisions of the Agreement.

The economy can function both under normal and extraordinary conditions, which include states of emergency and martial law. Emergency conditions arise from time to time and can be both relatively short and sufficiently long. The functioning of the economy in conditions of emergency and martial law can include overcoming the pandemic and repelling armed aggression. The functioning of the economy in conditions of emergency and martial law requires special methods of state regulation, including on commodity markets. The purpose of the article is to determine methodical approaches to the formation of regulatory policy on commodity markets under conditions of emergency and martial law. To achieve the goal, the following tasks were set: 1) to determine the peculiarities of the regulation of commodity markets in conditions of emergency and martial law; 2) assess the effectiveness of regulatory influence; and 3) substantiate recommendations for improvement of regulatory policy. Various methods of sampling and statistical processing of information were used during the research. Data from the State Statistics Service of Ukraine, the Ministry of Finance of Ukraine, and the State Service of Ukraine on Food Safety and Consumer Protection were used for the analysis. Special attention was paid to the methods of price regulation and increasing supply in commodity markets of consumer goods. One of the main features of the functioning of the economy in conditions of the COVID-19 pandemic and martial law is the disruption of the usual supply chains of goods. There is a commodity shortage in the markets, which accelerates the growth of prices. Therefore, the main task of regulatory policy in commodity markets is to encourage supply and curb inflation. To this end, during 2020-2022, a set of measures was introduced: the procedure for starting a business was simplified, the tax burden was reduced, pricing was deregulated, exports were limited, barriers to imports were lowered, a declaration of intent to increase prices was introduced, price limits were established, etc. As a result of the conducted research, it was found: 1) high efficiency of influence on the price dynamics on the part of export restrictions and tax benefits; 2) low effectiveness of the declaration of the intention to increase the price; 3) relatively high efficiency of setting ceiling prices during a pandemic and low efficiency of this measure under martial law; 3) high expediency of introducing free prices on the markets of goods of significant social importance with high competition between suppliers; 4) great importance of the competition between suppliers to overcome shortages and price stability. In order to improve the regulatory policy in the conditions of emergency and martial law, the following recommendations have been substantiated: 1) canceling the price limits in highly competitive markets; 2) simplifying the procedure for declaring the intention to increase the price and strengthening control over its implementation; 3) creating strategic stocks of goods of significant social importance in the event of a state of emergency and war.

The aim of the study was to identify the influence of external fac­tors on the price dynamics of the domestic market of agri-food products. A separate task was to evaluate the effectiveness of the policy of maintaining price stability and to develop recommendations for its improvement. The influence of external factors (world price, net export, import price) on the domestic price of agri-food products is studied. The analysis covers the peri­od 2003-2021. The influence of external factors on the domestic price of agri-food products in the conditions of the global financial crisis of 2007-2009 and the COVID-19 pandemic is investigated and compared. The effective­ness of measures to stabilize domestic prices in the context of the COVID-19 pandemic is considered. Proposals for maintaining the price stability in the domestic market of agri-food products have been developed.